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Excise and Sales Tax Calculations Beck Company has just billed a customer for $1,400, an amount that includes an eight percent excise tax and a
Excise and Sales Tax Calculations Beck Company has just billed a customer for $1,400, an amount that includes an eight percent excise tax and a four percent state sales tax. a. What amount of revenue is recorded? b. Prepare a journal entry to record the transaction on the books of Beck Company
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